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206 Lake Drive

206 Lake Drive, Olympia Fields, IL 60461
Property in Rich
Sold May 18, 2016
$105,000
$99,750 by Compass Mortgage Inc
Mortgage Due May 01, 2046
Sold Oct 02, 2013
$105,000
206 Lake Drive has been categorized by the local assessors in Olympia Fields, IL as a residential type of property. The building on the property was first built in 1993 and is 31 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. In addition, 206 Lake Drive has 1,350 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 262,679 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 206 Lake Drive sold most recently in Apr 20, 2016 for a total of $105,000. If you work out the math, that's approximately a cost of $77.78 per sqft. Before that, the property was also sold for $105,000 in Sep 26, 2013. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $3,796 in taxes each year. 206 Lake Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $13,574. If we break it down further, the land itself was valued at $2,970. Improvements to the property, however, were assessed at a total of $10,604. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1993
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 262,679
  • Total Building Area: 1,350
  • Gross Building Area: 1,350
  • Building Area: 1,350
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,350
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKES OF OLYMPIA FIELDS CONDO
  • Land Acres: 6.03
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT206 B-2 NW4 S13 T35N R13E 3P

Ownership

  • Current Owner : VEAZEY TROY E
  • Previous Owner : MEREDITH BARBARA LYNN BRYAN
  • Owner Before Previous Owner: COLES SHERRY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Matteson Elementary School District 162
  • Census Tract: 830005

Geography

  • District: 32
  • Parcel: 31-13-100-015-1039
  • Block: 100
  • Lot: 1039
  • Meridian: SEC 13 TWN 35N RNG 13E
  • Municipality: RICH
  • Latitude: 41.5262
  • Longitude: -87.6923

    Address

  • Full Address: 206 Lake Dr
  • Address - House Number: 206
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Olympia Fields
  • Carrier Code: C005
  • 4-Digit Zip Code: 1440
  • Zip Code: 60461

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,796
  • Tax Rate Code Area: 32009

    Appraisal Valuation

  • Standard Deviation: 0.2229
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 174,865
  • High Value: 213,852
  • Low Value: 135,879

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $107,250
  • First Open Lien Mortgage Lender: COMPASS MORTGAGE INC
  • First Open Lien Mortgage Recording Date: May 18, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $99,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2046
  • Second Open Lien Mortgage Lender: ILLINOIS HOUSING DEVELOPMENT A
  • Second Open Lien Mortgage Recording Date: May 18, 2016
  • Second Open Lien Mortgage Loan Amount: $7,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: May 01, 2046

    Market Valuation

  • Market Total Value: $135,740
  • Market Land Value: $29,700
  • Market Improvement Value: $106,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,574
  • Assessed Land Value: $2,970
  • Assessed Improvements Value: $10,604

    Sales

  • Current Sale Contract Date: Apr 20, 2016
  • Current Sale Recording Date: May 18, 2016
  • Current Sale Transaction ID: 1561137093
  • Current Sale Price: $105,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1613901036
  • Previous Sale Recording Date: Oct 02, 2013
  • Previous Sale Contract Date: Sep 26, 2013
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: Administrator's Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMPASS MORTGAGE INC
  • First Mortgage Transaction Date: May 18, 2016
  • First Mortgage Loan Amount: $99,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2046
  • Second Mortgage Lender: ILLINOIS HOUSING DEVELOPMENT A
  • Second Mortgage Transaction Date: May 18, 2016
  • Second Mortgage Loan Amount: $7,500
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Stand Alone Second

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Olympia Fields



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Frequently Asked Questions

What neighborhood is 206 Lake Drive located in?
The 206 Lake Drive is a located in the neighborhood of Rich in Olympia Fields, Olympia Fields.
What is the average sales price for listings in 206 Lake Drive?
The average sales price for units in 206 Lake Drive is $0 currently.

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